30-36 Camperdown, Coffs Harbour, New South Wales
The Observatory Self-Contained Apartments
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Business Description
HTL Property is pleased to exclusively present for sale The Observatory Self- Contained Apartments Coffs Harbour on the NSW North Coast.
Key Investment Highlights
• 16 freehold, self-contained apartments; 12 two-bedroom and 4 studios
• 6 three-bedroom, strata-titled dwellings, including manager’s residence (4 privately owned, 2 vendor owned)
• Ideally located in the Jetty precinct of Coffs Harbour within walking distance to the Harbour and world class beaches
• 2,322sqm landholding with triple frontage and wonderful ocean views
• $1.50m Gross Profit and c. $580k adjusted NOP in FYE 2023
• Number 1 regional NSW tourist destination with over 12.4 million visitors (Jun23)
• Capitalise on the prime coastal location and booming tourism market
Business Summary
Key Investment Insights
1. 16 self-contained apartments, providing a diverse range of accommodation options for guests.
2. Prime location in the Jetty precinct of Coffs Harbour, within walking distance to the harbour and beaches.
3. Large landholding of 2,322sqm with triple frontage and stunning ocean views.
4. Strong financial performance with a projected gross profit of $1.50m and adjusted NOP of $580k in FYE 2023.
5. 6 three-bedroom, strata-titled dwellings included in the sale, including a manager's residence.
6. Opportunity to capitalise on the booming tourism market in Coffs Harbour, which is the number one regional NSW tourist destination.
7. Diverse range of accommodation options, with 12 two-bedroom apartments and 4 studios.
8. Potential for future growth and development on the large landholding.
9. Well-established business with a strong reputation and loyal customer base.
10. Ideal for an owner-operator or investor looking to enter the thriving tourism market in Coffs Harbour.
